SARAJEVO (Bosnia and Herzegovina), March 2 (SeeNews) – Bosnia’s Telekom Srpske [BANJ:TLKM-R-A] said its consolidated net profit rose to 80.7 million marka ($45.9 million/41.3 million euro) in 2019, from 60.9 million marka a year earlier.
Total operating income increased 8.3% on the year to 476.6 million marka in 2019, while operating costs added 8.4% to 417.2 million marka, Telekom Srpske said in an annual financial statement filed with the Banja Luka Stock Exchange on Friday.
Telekom Srpske, majority-owned by Serbian state-controlled Telekom Srbija, is the second-largest of three telecommunications companies operating in Bosnia after BH Telecom and ahead of HT Mostar.
(1 euro = 1.95583 marka)